AMS seeking zl.90 million from share sale, with Agora still interested

Art Marketing Syndicate (AMS), the Poznan-based advertising company, has said it is expecting a cash injection of zl.90 million from a new investor. AMS chairman Tomasz Kawka announced, "This amount would be spent on investments over the next two years." Main shareholder BB Investment (BBI) has said it wants an investor to take over a package of between 25% and 100% of AMS shares. One company still believed to be interested in a deal is Agora, even though last week it lost its right to exclusive negotiations on a share purchase. Last year Agora offered zl.70 per share, compared to today's closing price of zl.48.40. "Talks are being held with two sector investors and with one financial investor. One of them enjoyed exclusive negotiating rights. This period has ended, but the matter is not closed yet. It should be settled within ten to twenty days," commented Kawka. (Rzeczpospolita, p. B1; Parkiet, p. 4) M.T.